Tag: Real Estate
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Reinvigoration Instead of Decarbonisation?
With the triple obstacles of the Russian war against Ukraine, inflation, and a post-Covid slump, the global construction industry is attempting to correct itself and get back on track. As with many industries across the world, two forces are at play here: (1) the need to reinvigorate the market and – as a response to …
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Good News for Developers and Renewable Energy Sector
Great news for developers, construction companies, and the renewable energy sector! On 13 September of this year, an amendment to environmental regulations came into force, increasing the upper area limit for garages, car parks, or parking complexes that can accompany construction projects, for which an official decision is required establishing the environmental conditions of an …
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Tax Exemption for Foreigners?
Major changes in the civil law activities tax on the purchase of residential real estate have entered into force. In addition to the (6%) tax on the purchase of a sixth (and each subsequent) flat/apartment located on the same land, legislators have also introduced an exemption from civil law activities tax for the purchase of …
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